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Tesla Model Y |
Tesla will sell its Model Y electric vehicles in India at a starting price of ₹60 lakh ($69,765.82), according to the price list published on its website on Tuesday. The company is offering the Model Y rear-wheel drive for ₹60 lakh for buyers paying in full, while the long-range rear-wheel drive version is priced at ₹68 lakh.
Along with the showroom display, which will feature the company’s cars, Tesla is also likely to officially launch direct sales to Indian customers.
The automaker has had its eye on India for a while and now appears to have stepped up efforts to launch locally.
In April, Tesla boss Elon Musk spoke with Indian Prime Minister Narendra Modi to discuss collaboration in areas including technology and innovation. That same month, the EV-maker’s finance chief said the company has been “cautious” in trying to figure out when to enter the market.
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Tesla Model Y |
With the Mumbai showroom launch, Tesla aims to test Indian market readiness for its premium EV lineup, including the Model 3 and Model Y. While price-sensitive Indian buyers may find Tesla's vehicles on the higher end, the brand’s arrival adds prestige and momentum to India’s growing EV ecosystem. India is already witnessing a surge in electric two-wheelers and budget EVs. Still, Tesla’s entry could redefine consumer expectations in the luxury electric segment, potentially opening doors for competitors like BYD and Mercedes-Benz EQ series to step up their game.
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